A pre-approval for a mortgage loan is the first step in knowing your purchase power. A lender will look at your income, credit score, and monthly budget to help you decide in what price range you should look for a house. When you find the house you love, already having a pre-approval allows you to make an offer immediately.
There are many different types of loans available to buy a home. Spend the time to talk to a lender about your specific options, which may include conventional, FHA, USDA, VA, or rehab financing. The financing you need may change depending on the house you choose.
If you need help finding a lender please email or call and we will be happy to help!